Road blockades cause 20% freight rate hike for Brazil corn
Traders concerned about failing to honour corn export contracts
25 November 2022
1 minute read
By: The protests over Brazil's election result that blocked roads in Mato Grosso state earlier this week rose truck freight prices to transport corn by 20% or 50 reais ($9.40) per tonne, Abiove, an industry group representing global trading firms, told Reuters on Thursday.
The most affected routes are the Sorriso-Miritituba and the Sinop Miritituba, Abiove President Andre Nassar said by telephone. As a result of disruptions caused by the road blockades, certain Abiove members expressed concern about failing to honour corn export contracts, Nassar said.
